@jeanwangard wrote:
Check the irs.gov for the definition of a "Real Estate Professional". If you meet the criteria then your rental real estate activities are a business not "rental activity". There may be some advantages to you using a Schedule C......
If a taxpayer qualifies as a "Real Estate Professional", the taxpayer is still required to materially participate in the rental activities.
Further, the taxpayer, as a real estate professional, would not report on Schedule C unless the taxpayer provides substantial services to renters or is a real estate dealer.
Real estate professional status plus material participation merely transforms passive losses from rental activities into nonpassive losses.
